FIRST AIRED: September 14, 2016

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00:00:02
>> Bayer has finally won over Monsanto. On Wednesday announcing, it's sealed the biggest takeover deal of the year for roughly $66 billion after months of wrangling. It took three bids for the German drug company to officially tie the knot with the American agrichemical giant. The winning offer, a 20% premium to Monsanto's stock price, at Tuesday's market close.
00:00:25
The deal would create a mammoth multinational, controlling one fourth of the world market for seeds and pesticides. A sort of, full service shop for farmers. Commonly known for its medicine chest items, Bayer also has the world's second largest crop chemicals business behind Syngenta, which itself fended off a bid from Monsanto before being bought by China state owned ChemChina.
00:00:49
Lots of consolidation in the agrochemical business. US giants Dow Chemical and Dupont planning to merge, and spin off their seeds and crop chemicals operations into a separate business. The Bayer Monsanto tie up, maybe, a headache for antitrust regulators who still have to approve the deal. But for now, shares of both companies rising on the news.